---
title: "Focused Largecap 20 Rebalance History | 68 Cycles |"
description: "Every published model rebalance of Focused Largecap 20 since 14 May 2021: 68 cycles with names in, out and held, turnover and a 0.2% fee illustration."
source_url: "https://www.rupeecase.com/rebalance/focused-largecap-20/"
---

Rebalance record, Large

        Data as of 3 Jul 2026

# Focused Largecap 20 rebalance history

        **Focused Largecap 20 rebalance history** is the record of every published model rebalance since **14 May 2021**: **68 cycles** with the names in and out. **Record to 3 Jul 2026.**

          Published rebalances68since 14 May 2021

          CadenceEvery 4 weeksabout 13 a year

          Latest published3 Jul 202628 names on the list

          Average turnover24%of the list, cycles with changes

          [Sign up for RupeeCase](https://invest.rupeecase.com/signup?strategy=focused-largecap-20)
          [Focused Largecap 20 strategy page](/strategies/focused-largecap-20)

        [Download the record as CSV](/data/rebalances/focused-largecap-20.csv)

        **Turnover at each rebalance**Jun 2021 to 3 Jul 2026, 67 cyclesShare of the list that changed, model record. Highest 50%.

        01The latest cycle

## 3 Jul 2026: 5 out, 8 in, 20 held.
Only what changes is traded and charged. Tap a name to change it yourself.

          **CHOLAFIN**in**TRENT**in**MAXHEALTH**in**PIDILITIND**in**TORNTPHARM**in**BAJFINANCE**in**INDHOTEL**in**ICICIBANK**in**ADANIGREEN**held**ADANIENSOL**held**ADANIENT**held**ADANIPOWER**held**CGPOWER**held**ZYDUSLIFE**held**MOTHERSON**held**VEDL**held**SHRIRAMFIN**held**ENRIN**held**ADANIPORTS**held**GRASIM**held**HINDALCO**held**VBL**held**HINDZINC**held**SIEMENS**held

          And 4 more names held, unchanged.

            Names changed**8 of 28**

            Value traded**₹28,571****

            Fee, 0.2%**₹57**

          Replay 3 Jul 2026Replay a quiet rebalance

          Illustration on ₹1,00,000 at equal weights: the value traded is the share of the list that changed, the fee 0.2% of that. Tickers from the published model record, not actual client trades. If nothing trades, nothing is charged.

        ₹100 in Focused Largecap 20 became about ₹321 in the model

The model portfolio these lists describe, rebased to 100, after charges. The Nifty 50 TRI is drawn as its CAGR line, not the daily index. Model, back tested, not actual client returns. Source: RupeeCase published model record (lineup.json), monthly. As of 31 Jul 2026.Focused Largecap 20 fell at most 20.5% below its model high, month end to month end

Fall from the previous model high at each month end; 0% means a new high. Lowest: Focused Largecap 20 −20.5% at Feb 2025. Monthly points, so the daily low was deeper. Model, back tested, not actual client returns. Source: RupeeCase published model record (lineup.json), monthly. As of 31 Jul 2026.

        02Every rebalance

## 68 published rebalances, newest first.
The newest 12 with their names; older cycles below, 12 at a time.

        Turnover of the last 12 Focused Largecap 20 rebalances, highest 44% on 5 Jun 2026

Names changed at each published rebalance over the names on the new list. A cycle with no change shows 0%. Model, back tested, not actual client returns. Source: RupeeCase published rebalance lists. As of 3 Jul 2026.

          Find a ticker in the record

* Only cycles with changes

* 2026
* 2025
* 2024
* 2023
* 2022
* 2021

        68 rebalances

1. 2026
2.
          3 Jul 202628 names on the list

          In+8
Out−5
Held20
Turnover29%

          On ₹1,00,000 at equal weight this cycle traded about **₹28,571**, fee **₹57** at 0.2%.

          In, 8

[CHOLAFIN](/stocks/CHOLAFIN)[TRENT](/stocks/TRENT)[MAXHEALTH](/stocks/MAXHEALTH)[PIDILITIND](/stocks/PIDILITIND)[TORNTPHARM](/stocks/TORNTPHARM)[BAJFINANCE](/stocks/BAJFINANCE)[INDHOTEL](/stocks/INDHOTEL)[ICICIBANK](/stocks/ICICIBANK)

Out, 5

[LODHA](/stocks/LODHA)[TATAPOWER](/stocks/TATAPOWER)[HAL](/stocks/HAL)[PFC](/stocks/PFC)[NTPC](/stocks/NTPC)

Show 20 held

3.
          5 Jun 202625 names on the list

          In+5
Out−11
Held20
Turnover44%

          On ₹1,00,000 at equal weight this cycle traded about **₹44,000**, fee **₹88** at 0.2%.

          In, 5

[MOTHERSON](/stocks/MOTHERSON)[ZYDUSLIFE](/stocks/ZYDUSLIFE)[GRASIM](/stocks/GRASIM)[ASIANPAINT](/stocks/ASIANPAINT)[JSWSTEEL](/stocks/JSWSTEEL)

Out, 11

UNIONBANK[COALINDIA](/stocks/COALINDIA)CUMMINSIND[ONGC](/stocks/ONGC)[SBIN](/stocks/SBIN)DMARTJINDALSTEL[TORNTPHARM](/stocks/TORNTPHARM)[TITAN](/stocks/TITAN)[POWERGRID](/stocks/POWERGRID)TVSMOTOR

Show 20 held

4.
          8 May 202631 names on the list

          In+9
Out−4
Held22
Turnover29%

          On ₹1,00,000 at equal weight this cycle traded about **₹29,032**, fee **₹58** at 0.2%.

          In, 9

[ADANIGREEN](/stocks/ADANIGREEN)[ADANIENT](/stocks/ADANIENT)[VBL](/stocks/VBL)[SIEMENS](/stocks/SIEMENS)[NESTLEIND](/stocks/NESTLEIND)[ADANIPORTS](/stocks/ADANIPORTS)[ENRIN](/stocks/ENRIN)[LODHA](/stocks/LODHA)[HAL](/stocks/HAL)

Out, 4

[MOTHERSON](/stocks/MOTHERSON)CANBK[BEL](/stocks/BEL)BANKBARODA

Show 22 held

5.
          10 Apr 202626 names on the list

          In+6
Out−4
Held20
Turnover23%

          On ₹1,00,000 at equal weight this cycle traded about **₹23,077**, fee **₹46** at 0.2%.

          In, 6

[ADANIPOWER](/stocks/ADANIPOWER)UNIONBANKCUMMINSINDDMART[ADANIENSOL](/stocks/ADANIENSOL)[TATAPOWER](/stocks/TATAPOWER)

Out, 4

[JSWSTEEL](/stocks/JSWSTEEL)[IOC](/stocks/IOC)[AXISBANK](/stocks/AXISBANK)[BPCL](/stocks/BPCL)

Show 20 held

6.
          13 Mar 202624 names on the list

          In+2
Out−6
Held22
Turnover25%

          On ₹1,00,000 at equal weight this cycle traded about **₹25,000**, fee **₹50** at 0.2%.

          In, 2

[CGPOWER](/stocks/CGPOWER)[POWERGRID](/stocks/POWERGRID)

Out, 6

PNB[SBILIFE](/stocks/SBILIFE)[M&M](/stocks/MM)[LT](/stocks/LT)GODREJCP[ADANIPOWER](/stocks/ADANIPOWER)

Show 22 held

7.
          13 Feb 202628 names on the list

          In+7
Out−5
Held21
Turnover25%

          On ₹1,00,000 at equal weight this cycle traded about **₹25,000**, fee **₹50** at 0.2%.

          In, 7

JINDALSTEL[PFC](/stocks/PFC)[ONGC](/stocks/ONGC)[JSWSTEEL](/stocks/JSWSTEEL)[NTPC](/stocks/NTPC)[BEL](/stocks/BEL)[AXISBANK](/stocks/AXISBANK)

Out, 5

[ASIANPAINT](/stocks/ASIANPAINT)[ADANIENSOL](/stocks/ADANIENSOL)[HCLTECH](/stocks/HCLTECH)[RELIANCE](/stocks/RELIANCE)[TECHM](/stocks/TECHM)

Show 21 held

8. Average turnover by year, highest in 2025 at 28%

Names changed over names on the new list, averaged over the cycles with a change in each calendar year. Model, back tested, not actual client returns. Source: RupeeCase published rebalance lists, NSE sector classification of 9 Oct 2026. As of 3 Jul 2026.
9.
          16 Jan 202626 names on the list

          In+4
Out−3
Held22
Turnover15%

          On ₹1,00,000 at equal weight this cycle traded about **₹15,385**, fee **₹31** at 0.2%.

          In, 4

[COALINDIA](/stocks/COALINDIA)[TORNTPHARM](/stocks/TORNTPHARM)[TATASTEEL](/stocks/TATASTEEL)GODREJCP

Out, 3

[BEL](/stocks/BEL)[BHARTIARTL](/stocks/BHARTIARTL)[JSWSTEEL](/stocks/JSWSTEEL)

Show 22 held

10. 2025
11.
          19 Dec 202525 names on the list

          In+4
Out−6
Held21
Turnover24%

          On ₹1,00,000 at equal weight this cycle traded about **₹24,000**, fee **₹48** at 0.2%.

          In, 4

[MOTHERSON](/stocks/MOTHERSON)[HCLTECH](/stocks/HCLTECH)[RELIANCE](/stocks/RELIANCE)[TECHM](/stocks/TECHM)

Out, 6

[ETERNAL](/stocks/ETERNAL)[BAJFINANCE](/stocks/BAJFINANCE)HYUNDAI[AXISBANK](/stocks/AXISBANK)[TATASTEEL](/stocks/TATASTEEL)[CHOLAFIN](/stocks/CHOLAFIN)

Show 21 held

12.
          21 Nov 202527 names on the list

          In+7
Out−7
Held20
Turnover26%

          On ₹1,00,000 at equal weight this cycle traded about **₹25,926**, fee **₹52** at 0.2%.

          In, 7

[BPCL](/stocks/BPCL)[ASIANPAINT](/stocks/ASIANPAINT)[SBILIFE](/stocks/SBILIFE)[VEDL](/stocks/VEDL)[LT](/stocks/LT)[BHARTIARTL](/stocks/BHARTIARTL)[TITAN](/stocks/TITAN)

Out, 7

[CGPOWER](/stocks/CGPOWER)DMART[MOTHERSON](/stocks/MOTHERSON)[ADANIGREEN](/stocks/ADANIGREEN)JINDALSTEL[ADANIENT](/stocks/ADANIENT)[ADANIPORTS](/stocks/ADANIPORTS)

Show 20 held

13.
          24 Oct 202527 names on the list

          In+7
Out−9
Held20
Turnover33%

          On ₹1,00,000 at equal weight this cycle traded about **₹33,333**, fee **₹67** at 0.2%.

          In, 7

[SHRIRAMFIN](/stocks/SHRIRAMFIN)[HINDZINC](/stocks/HINDZINC)BANKBARODA[AXISBANK](/stocks/AXISBANK)[SBIN](/stocks/SBIN)PNB[IOC](/stocks/IOC)

Out, 9

[JIOFIN](/stocks/JIOFIN)[HINDUNILVR](/stocks/HINDUNILVR)[TORNTPHARM](/stocks/TORNTPHARM)[SBILIFE](/stocks/SBILIFE)[HDFCLIFE](/stocks/HDFCLIFE)[ASIANPAINT](/stocks/ASIANPAINT)[BHARTIARTL](/stocks/BHARTIARTL)[ZYDUSLIFE](/stocks/ZYDUSLIFE)[TITAN](/stocks/TITAN)

Show 20 held

14.
          26 Sep 202529 names on the list

          In+7
Out−8
Held22
Turnover28%

          On ₹1,00,000 at equal weight this cycle traded about **₹27,586**, fee **₹55** at 0.2%.

          In, 7

[CGPOWER](/stocks/CGPOWER)[MOTHERSON](/stocks/MOTHERSON)[JSWSTEEL](/stocks/JSWSTEEL)[ADANIENSOL](/stocks/ADANIENSOL)[ADANIGREEN](/stocks/ADANIGREEN)[ADANIENT](/stocks/ADANIENT)[CHOLAFIN](/stocks/CHOLAFIN)

Out, 8

[MAXHEALTH](/stocks/MAXHEALTH)[BPCL](/stocks/BPCL)AMBUJACEMDLF[HDFCBANK](/stocks/HDFCBANK)[ICICIBANK](/stocks/ICICIBANK)[IOC](/stocks/IOC)PNB

Show 22 held

15.
          29 Aug 202530 names on the list

          In+9
Out−6
Held21
Turnover30%

          On ₹1,00,000 at equal weight this cycle traded about **₹30,000**, fee **₹60** at 0.2%.

          In, 9

HYUNDAIDMART[HINDUNILVR](/stocks/HINDUNILVR)[HINDALCO](/stocks/HINDALCO)[ASIANPAINT](/stocks/ASIANPAINT)JINDALSTEL[TATASTEEL](/stocks/TATASTEEL)[ZYDUSLIFE](/stocks/ZYDUSLIFE)[TITAN](/stocks/TITAN)

Out, 6

MAZDOCKLICI[RELIANCE](/stocks/RELIANCE)ICICIGI[GRASIM](/stocks/GRASIM)[LODHA](/stocks/LODHA)

Show 21 held

16. 1 Aug 202527 names, **+5** **−3**, turnover 19%, fee ₹37Names
17. 4 Jul 202525 names, **+4** **−9**, turnover 36%, fee ₹72Names
18. 6 Jun 202530 names, **+10** **−6**, turnover 33%, fee ₹67Names
19. 9 May 202526 names, **+5** **−9**, turnover 35%, fee ₹69Names
20. 11 Apr 202530 names, **+9** **−7**, turnover 30%, fee ₹60Names
21. 14 Mar 202528 names, **+8** **−7**, turnover 29%, fee ₹57Names
22. 14 Feb 202527 names, **+6** **−4**, turnover 22%, fee ₹44Names
23. 17 Jan 202525 names, **+4** **−4**, turnover 16%, fee ₹32Names
24. 2024
25. 20 Dec 202425 names, **+2** **−4**, turnover 16%, fee ₹32Names
26. 22 Nov 202427 names, **+5** **−4**, turnover 19%, fee ₹37Names
27. 25 Oct 202426 names, **+3** **−5**, turnover 19%, fee ₹38Names
28. 27 Sep 202428 names, **+7** **−5**, turnover 25%, fee ₹50Names
29. 30 Aug 202426 names, **+5** **−6**, turnover 23%, fee ₹46Names
30. 2 Aug 202427 names, **+5** **−2**, turnover 19%, fee ₹37Names
31. 5 Jul 202424 names, **+2** **−6**, turnover 25%, fee ₹50Names
32. 7 Jun 202428 names, **+7** **−6**, turnover 25%, fee ₹50Names
33. 10 May 202427 names, **+6** **−4**, turnover 22%, fee ₹44Names
34. 12 Apr 202425 names, **+5** **−1**, turnover 20%, fee ₹40Names
35. 15 Mar 202421 names, **+1** **−7**, turnover 33%, fee ₹67Names
36. 16 Feb 202427 names, **+7** **−3**, turnover 26%, fee ₹52Names
37. 19 Jan 202423 names, **+2** **−6**, turnover 26%, fee ₹52Names
38. 2023
39. 22 Dec 202327 names, **+6** **−3**, turnover 22%, fee ₹44Names
40. 24 Nov 202324 names, **+4** **−2**, turnover 17%, fee ₹33Names
41. 27 Oct 202322 names, **+1** **−6**, turnover 27%, fee ₹55Names
42. 29 Sep 202327 names, **+4** **−4**, turnover 15%, fee ₹30Names
43. 1 Sep 202327 names, **+5** **−5**, turnover 19%, fee ₹37Names
44. 4 Aug 202327 names, **+7** **−7**, turnover 26%, fee ₹52Names
45. 7 Jul 202327 names, **+6** **−4**, turnover 22%, fee ₹44Names
46. 9 Jun 202325 names, **+5** **−8**, turnover 32%, fee ₹64Names
47. 12 May 202328 names, **+7** **−4**, turnover 25%, fee ₹50Names
48. 14 Apr 202325 names, **+5** **−7**, turnover 28%, fee ₹56Names
49. 17 Mar 202327 names, **+7** **−7**, turnover 26%, fee ₹52Names
50. 17 Feb 202327 names, **+5** **−3**, turnover 19%, fee ₹37Names
51. 20 Jan 202325 names, **+5** **−5**, turnover 20%, fee ₹40Names
52. 2022
53. 23 Dec 202225 names, **+4** **−4**, turnover 16%, fee ₹32Names
54. 25 Nov 202225 names, **+5** **−3**, turnover 20%, fee ₹40Names
55. 28 Oct 202223 names, **+2** **−2**, turnover 9%, fee ₹17Names
56. 30 Sep 202223 names, **+1** **−5**, turnover 22%, fee ₹43Names
57. 2 Sep 202227 names, **+7** **−4**, turnover 26%, fee ₹52Names
58. 5 Aug 202224 names, **+4** **−7**, turnover 29%, fee ₹58Names
59. 8 Jul 202227 names, **+6** **−6**, turnover 22%, fee ₹44Names
60. 10 Jun 202227 names, **+7** **−6**, turnover 26%, fee ₹52Names
61. 13 May 202226 names, **+5** **−5**, turnover 19%, fee ₹38Names
62. 15 Apr 202226 names, **+5** **−6**, turnover 23%, fee ₹46Names
63. 18 Mar 202227 names, **+6** **−5**, turnover 22%, fee ₹44Names
64. 18 Feb 202226 names, **+5** **−6**, turnover 23%, fee ₹46Names
65. 21 Jan 202227 names, **+5** **−3**, turnover 19%, fee ₹37Names
66. 2021
67. 24 Dec 202125 names, **+4** **−5**, turnover 20%, fee ₹40Names
68. 26 Nov 202126 names, **+5** **−5**, turnover 19%, fee ₹38Names
69. 29 Oct 202126 names, **+5** **−8**, turnover 31%, fee ₹62Names
70. 1 Oct 202129 names, **+7** **−4**, turnover 24%, fee ₹48Names
71. 3 Sep 202126 names, **+6** **−0**, turnover 23%, fee ₹46Names
72. 6 Aug 202120 names, **+5** **−10**, turnover 50%, fee ₹100Names
73. 9 Jul 202125 names, **+3** **−1**, turnover 12%, fee ₹24Names
74. 11 Jun 202123 names, **+3** **−0**, turnover 13%, fee ₹26Names
75. 14 May 202120 namesNames

        Show more
        Turnover: names changed over names on the new list. Fee: 0.2% of the share traded, on ₹1,00,000 at equal weight, an illustration. Model, back tested rebalance record of the 18 RupeeCase index algos, published lists May 2021 to 3 Jul 2026. Tickers are not recommendations. No price data on this page.

            03Sector weight by year

## What the list was made of.
Average composition of the published lists in each year, equity names at equal weight, NSE sectors. ETF sleeves sit outside the bars.

            2021
2022
2023
2024
2025
2026

* Financial Services
* Power
* Capital Goods
* Metals & Mining
* Healthcare
* Consumer Services
* Automobile and Auto Components
* Oil, Gas & Consumable Fuels
* Other

            New names entering Focused Largecap 20 each year, most in 2025

Names added across all rebalances in each calendar year (2021: 8 rebalances, 2022: 13 rebalances, 2023: 13 rebalances, 2024: 13 rebalances, 2025: 13 rebalances, 2026: 7 rebalances). Model, back tested, not actual client returns. Source: RupeeCase published rebalance lists. As of 3 Jul 2026.

            04Sector shifts

## Moves of 10 points or more.
18 such shifts in 68 rebalances; the latest six.

1. 8 May 2026Financial Services −10Down
2. 10 Apr 2026Power +11Up
3. 29 Aug 2025Financial Services −10, Metals & Mining +10Down
4. 4 Jul 2025Fast Moving Consumer Goods −10Down
5. 9 May 2025Metals & Mining −17, Financial Services +12Down
6. 11 Apr 2025Information Technology −11, Automobile and Auto Components −11Down

            05Documents

## The record, to reuse.

              * [CSV, every listCC BY 4.0](/data/rebalances/focused-largecap-20.csv)

              * [JSON, this page's data68 cycles](/instiv2/data/rebalances/focused-largecap-20.json)

              * [Focused Largecap 20 strategy pagefactsheet](/strategies/focused-largecap-20)

              * [All 18 historieshub](/rebalance/)

            Same family, Large

* [Largecap Hybrid](/rebalance/largecap-hybrid/)
* [Large Cap Multi Asset](/rebalance/largecap-multi-asset/)
* [Nifty 50 Equal Weight](/rebalance/nifty-50-equal-weight/)

        06In the app

## What a rebalance looks like.
A due rebalance shows on your Dashboard; you open the portfolio, read the confirm sheet and accept before any order goes to your broker. The strategy keeps the turnover of every rebalance on record.

1.

1A due rebalance shows on the Dashboard and as a badge on the tab bar.
2.

2The portfolio says a rebalance is due.
3.

3Confirm rebalance says when it fell due and asks for your consent.
4.

4The strategy’s History tab records the turnover at every rebalance in the model record.
5.

5Every rebalance in the model record: the date, the turnover and the stocks added and removed.

        Screens from the RupeeCase app. The record screens show one strategy's published model record; portfolio screens are a sample for illustration.

    Explore next

## From the record to the strategy.

* [SectorMetals & Mining stocksNSE sector across the 18 index algos](/sectors/metals-mining)
* [Free module 4.3Rebalancing Strategies9 min read](/learn/path-4/module-4-3-rebalancing-strategies)
* [CalculatorRebalance cost at 0.2%Free, with the formula and a worked example](/learn/tools/rebalance-cost-calculator)
* [Head to headCompare Focused Largecap 20 with Large Cap Multi AssetTwo model curves, every risk figure](/strategies/compare/focused-largecap-20-vs-largecap-multi-asset)

      Community

## Join my WhatsApp group.

      Scan the code, fillFill one short form, and join my WhatsApp group. Slides, sources, factsheets and the rebalance logs live there, and members join a daily Google Meet with me.

      New to RupeeCase? [Getting started](/getting-started) [See the terminal](/terminal)

        [Sign up for RupeeCase](https://invest.rupeecase.com/signup)
        [Join the WhatsApp group](https://forms.gle/C6HMtM1Z2GfeocQV7)

      [One form, one group](https://forms.gle/C6HMtM1Z2GfeocQV7)Scan with your phone camera

      07Questions

## Focused Largecap 20 rebalances, in plain words

        How often does Focused Largecap 20 rebalance?Every 4 weeks on the published schedule, about 13 times a year. The record holds 68 published rebalances from 14 May 2021 to 3 Jul 2026; on 67 of them at least one name changed, with an average turnover of 24% of the list.

        What does a rebalance cost?0.2% of the value traded, nothing on the names that stay. On ₹1,00,000 at equal weight a cycle that changes 24% of the list trades about ₹24,078 and costs about ₹48. If nothing changes, nothing is charged. There is no subscription, AUM fee or performance fee.

        Can I download the record?Yes: the CSV ([every published list with its date](/data/rebalances/focused-largecap-20.csv)) and the JSON used by this page are free to reuse under CC BY 4.0 with attribution to RupeeCase. Lists are equal weighted at the stock level; the files carry names and dates, not weights or prices.

## Invest in Focused Largecap 20.

      Every rebalance lands as orders in your own broker account; you approve, the shares sit in your demat, and the fee is 0.2% of the value traded, nothing else.

        [Sign up for RupeeCase](https://invest.rupeecase.com/signup?strategy=focused-largecap-20)
        [Focused Largecap 20 factsheet](/strategies/factsheets/focused-largecap-20)

      Model, back tested rebalance record of the 18 RupeeCase index algos, published lists May 2021 to 3 Jul 2026. Tickers are not recommendations. No price data on this page.